Which Country Has The Best Economy In The World?

What is the richest country?

QatarMany of the world’s richest countries are also the world’s smallest….Advertisement.RankCountryGDP-PPP ($)1Qatar132,8862Macao SAR114,3633Luxembourg108,9514Singapore103,181105 more rows•Aug 3, 2020.

Is US still the most powerful country?

The US retains its position as the world’s most-powerful country. US News calls it “the world’s most dominant economic and military power” and notes now its “cultural imprint spans the world” thanks to its production of movies, TV, and music.

Which country is No 1 in economy?

GDP by Country#CountryShare of World GDP1United States24.08%2China15.12%3Japan6.02%4Germany4.56%56 more rows

Which country has the highest economy in 2020?

When compared on the basis of purchasing power parity (PPP), China is the largest economy with a GDP (PPP) of $27.31 trillion.

What are the top 50 richest countries?

Top 50 richest countries in the worldRankCountryGDP(PPP) per capita 2018 (Intl $)1Liechtenstein139,1002Qatar128,7033Monaco115,7004Luxembourg110,87046 more rows

Can China beat US economy?

China will overtake the US to become the world’s largest economy by 2028, five years earlier than previously forecast, a report says. … Meanwhile India is tipped to become the third largest economy by 2030.

Is China richer than USA?

National wealth can fluctuate, as evidenced in the United States data following the 2008 financial crisis and subsequent economic recovery….List of countries/ geographic regions by total wealth.Rank2Country/geographic regionChinaTotal wealth (billions USD)63,827Share of total17.7%115 more columns

What is the best country to live in?

Canada. #1 in Quality of Life Rankings. … Denmark. #2 in Quality of Life Rankings. … Sweden. #3 in Quality of Life Rankings. … Norway. #4 in Quality of Life Rankings. … Australia. #5 in Quality of Life Rankings. … Netherlands. #6 in Quality of Life Rankings. … Switzerland. #7 in Quality of Life Rankings. … New Zealand.More items…

Is the USA rich or poor?

United States is the richest country in the world, and it has the biggest wealth gap. The United States led the world in growth of financial assets last year thanks to tax cuts and booming stock markets, but its distribution of wealth was more unequal than in any other country, according to a study published Wednesday.

What is the richest country in Africa?

While we might not have broken into the top 10 of the world’s richest countries, South Africa tops the list as the richest country in Africa. Egypt and Nigeria follow in second and third place respectively. Morocco, Kenya, Ethiopia, Tanzania, Ghana, Angola and Mauritius round out the top 10.

Which is the fastest growing country?

The 5 Fastest Growing Economies In The WorldGuyana. With a projected growth rate of 16.3% during the four-year period 2018-2021, Guyana is the fastest growing economy in the world. … Ethiopia. … Rwanda. … Bangladesh. … India.

Is the US economy strong?

Overall economic growth, as measured by quarterly GDP growth rates, has been steady. … The ideal GDP growth rate is between 2% and 3%. GDP growth was consistently strong during the George W. Bush administration, averaging out to 2.1% per year when adjusted for inflation, according to the Hudson Institute.

Which is the fastest growing economy in the world 2020?

GuyanaWith a projected 26.21% growth in 2020, Guyana is the fastest growing economy in the world.

Which country has the strongest economy in the world?

Top 10 largest economies in the worldUnited States. In 2019, the nominal GDP of the US is expected to exceed USD 21 trillion. … China. The Chinese economy has witnessed an astonishing growth over the last few decades. … Japan. … Germany. … United Kingdom. … India. … France. … Brazil.More items…•

What are the 5 poorest countries?

Sierra Leone.South Sudan.Liberia.Malawi.Niger.Eritrea.Democratic Republic of the Congo (DRC)Central African Republic (CAR)More items…•